The Rio Grande Foundation continues to track economic data relating to New Mexico. The Bureau of Labor Statistics’ most recent data from metro areas in terms of job growth is seen below (raw data is here). New Mexico’s metros continue to lag the average for metros in our neighboring states. Albuquerque and Las Cruces are growing. Farmington continues to grow slowly. It is unclear why Santa Fe saw such a big decline over the year from June 2018 to June 2019.
The following is an embedded tweet from the New Mexico Economic Development Department. There is less of a lag with this data. It is definitely good to see strong growth in the real (private) economy. Mining (oil and gas) are doing especially well along with construction which was depressed for many years. There is no doubt that these are good economic times for New Mexico.
New Mexico 9th in U.S. for private sector job growth + 18,700 y/y — a wowzing 2.8 percent, says @NMDWS
Construction +8.9%
Mining +8.8%
Leisure +6.8%
Prof Serv +3.5%
Financial +3.2%
Manuf +1.5% @GovMLG@BillMcCamley
@AliciaJKeyes@cabq #nmleg— NM Economic Development (@NMecondev) August 16, 2019
